Abra Goes Public via SPAC Merger
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Abra, a crypto wealth manager, is going public via a merger with New Providence Acquisition Corp. III, valuing the company at $750 million. Big investors are rolling their shares into the new company. The combined business will trade on Nasdaq under ABRX. Abra offers wealth management services and recently settled with regulators over its Earn lending product. This move aligns with a trend of crypto firms seeking public markets for cash, with Circle and Gemini listing on NYSE and Nasdaq respectively.
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